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Let's say a Company has 20Million "Authorized" Shares. The Company currently has 10Million shares "outstanding".I understand the 20M figure was established by the company's bylaws, but does this mean they can keep selling shares up to the 20M amount?Let's say they announce a "buyback" or "re-purchase" of 1million shares. Where do these come from? from the 10M total or the overall 20M?
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